FTC seeks more information on Wild Oats, Whole Foods deal

NEW YORK (MarketWatch) - Whole Foods Markets Inc.
wfmi
said it received a request for additional information from the Federal Trade Commission related to its proposed $565 million acquisition of smaller rival Wild Oats Markets Inc.
oats
In a filing Wednesday with the Securities and Exchange Commission, the natural foods grocer said it and Wild Oats intend to respond promptly to the request, which is known as a "second request." The company has said that the closing of the deal is contingent on certain closing conditions, including the expiration or termination of any waiting period, and any extension thereof, under the Hart-Scott-Rodino Act. The effect of the second request is to extend the Hart-Scott-Rodino waiting period until 10 days after the company has "substantially complied" with the request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC, Whole Foods said.

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